Business News

Business

ARCIL Sets Stage for Landmark IPO: Avenue Capital-Backed Firm Eyes Market Debut as GIC Exits

ARCIL, backed by Avenue Capital, files for an IPO with Sebi, marking a significant milestone. The IPO involves an offer for sale by existing shareholders, including a complete exit...

Business

Mahindra & Mahindra Expands CV Portfolio with Strategic 58.96% Acquisition in SML Isuzu for Rs 555 Crore

Mahindra & Mahindra Ltd acquires a 58.96% stake in SML Isuzu for Rs 555 crore, rebranding it as SML Mahindra Ltd. This strategic move aims to expand M&M's market share in the comme...

Business

JSW Cement Adjusts IPO Strategy: Reduced to Rs 3,600 Crore, Sets August 7 for Public Offer

JSW Cement has adjusted its IPO size to Rs 3,600 crore, with the public offer opening on August 7. The IPO includes a fresh issue and an OFS, with proceeds aimed at expansion and d...

Business

LIC Housing Finance Reports Modest 4.6% Profit Rise Amid Slowing Disbursement Growth

LIC Housing Finance reports a 4.6% rise in net profit to Rs 1,359.9 crore for Q1 FY26, with disbursement growth slowing to 2%. Despite higher finance costs and provisions, asset qu...

Business

Federal Bank Reports 14.6% Decline in Net Profit to Rs 861 Crore Amid Rising MFI Provisions

Federal Bank reported a 14.6% decline in net profit to Rs 861.8 crore for Q2 2025, attributed to increased provisions. Despite this, the bank showed operational strength with growt...

Business

Kia Issues Major Recall for Over 200,000 US Vehicles Due to Door Belt Safety Concerns

Kia America recalls 201,149 vehicles in the U.S. due to a door belt failure that could lead to accidents, affecting certain 2023-2025 Telluride SUVs. Owners will be notified by Sep...

Business

Pfizer CEO Albert Bourla to Attend High-Profile Trump Fundraiser Amid Drug Pricing Controversy

Pfizer CEO Albert Bourla is expected at a $25M Trump fundraiser, following Trump's call for lower drug prices. The event at Trump's Bedminster club supports MAGA Inc., spotlighting...

Business

EU Sanctions Push Russia-Backed Nayara Energy to Seek Indian State-Run Oil Companies for Fuel Exports

Nayara Energy, impacted by EU sanctions on Russia, seeks Indian state-run oil companies to offload petrol and diesel exports. The company remains committed to significant investmen...